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• Our Review Method

• Is BrokerYard Scam or Legit Broker?

• What is BrokerYard?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding BrokerYard due to the issues we've identified.

Is BrokerYard Scam or Legit Broker? ▲

BrokerYard, unfortunately, emerges as a non-recommended entity for trading activities. Upon our detailed scrutiny, it's clear that BrokerYard lacks the necessary regulatory oversight to ensure a secure trading environment. Without the endorsement from authoritative bodies, the safety of trading with BrokerYard stands compromised.

• About Broker Yard

• Registered in: No Registration

• Type of License: No License

• Is Broker Yard safe to trade: No

• Recommended Licenses: FCA in UK & ASIC in Australia

BrokerYard's operation without a proper license raises significant concerns about its legitimacy and the safety of funds. The absence of regulation by any reputable authority means that BrokerYard does not adhere to the stringent standards that protect traders and their investments. Given the importance of trading with a regulated broker, the lack of oversight from bodies like the FCA (Financial Conduct Authority) in the UK or ASIC (Australian Securities and Investments Commission) in Australia is a red flag. Regulated brokers are subject to rigorous checks and must comply with strict financial standards, including client fund protection. Unfortunately, BrokerYard's unregulated status means it does not provide these assurances, leading to our recommendation against trading with them.

What is BrokerYard? ▲

BrokerYard positions itself as a provider in the FOREX and CFD markets, claiming to offer trading opportunities through a bespoke platform. Despite its assertions of being based in the UK, BrokerYard's lack of registration or licensing from the FCA or any other regulatory body raises serious doubts about its operation. The significance of FCA authorization cannot be overstated, as it serves as a benchmark of reliability, ensuring companies are financially stable and adhere to customer protection rules.

The absence of such credentials for BrokerYard underlines the risks associated with trading through their platform. Furthermore, the firm has attracted negative attention from regulatory authorities, including a specific warning from CONSOB in Italy regarding BrokerYard's unauthorized solicitation of investors. This reinforces the fact that trading with BrokerYard carries a high risk, primarily due to its unregulated nature, which could lead to potential losses without any recourse for protection or resolution.

Conclusion ▲

Our comprehensive evaluation leads us to strongly advise against engaging with BrokerYard for trading activities. The lack of regulatory approval significantly undermines the safety and integrity of trading through their platform. Traders seeking a secure and reliable trading environment should opt for brokers that are duly regulated by reputable authorities such as the FCA in the UK or ASIC in Australia. Engaging with regulated brokers ensures a level of protection for traders' funds and provides a recourse in the event of disputes. BrokerYard's unregulated status, combined with the warning from regulatory bodies, underscores the risks involved. Therefore, we recommend traders to exercise caution and prioritize safety by choosing well-regulated brokers for their trading needs.